Wednesday morning, April 1st BTC/ETH Market Analysis

On the four-hour chart, multiple rebounds have failed to break through the resistance level above. The longer the price consolidates at high levels, the more it indicates that the bulls lack the momentum for sustained upward movement. A spike early this morning was met with resistance and pulled back into the range, further confirming that this area is an effective defense zone for the bears. Overall, the current situation leans more towards a rebound followed by a consolidation under pressure, rather than a trend reversal to the upside. As long as the price cannot hold above the early morning high, there is still a need for a retest downward. Trading strategy remains focused on shorting at high levels, paying close attention to pullback opportunities after encountering resistance at high points.

Trading Recommendations:
Bitcoin (BTC) between 68,700-69,200, short-term target 66,500
Ethereum (ETH) between 2,120-2,140, short-term target 2,000
$BTC $ETH #鲍威尔鸽派发言重燃降息预期